Zapata Overseas Capital Corporation

$30,000,000 6 3/4% subordinated guaranteed debentures due 1980, warrants to purchase 300,000 shares of common stock of Zapata Off-Shore Company

Transaction Type

Subordinated Guaranteed Debentures

Deal Description

Zapata Overseas Capital Corporation temporarily invested the proceeds from this transaction in short-term investments until permanent investments were made. It was intended that the business of the company was to have been so conducted that more than 80% of its income was derived from sources outside of the United States.